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...auto industry bailout saga is working its way up and down the supply chain. Shortly before Christmas, the Federal Reserve Board quietly provided $200 million of support aimed specifically at auto dealers, who have had a difficult time financing their inventories - forcing some of them out of business. The support is being administered through the Fed's Term Asset Backed Securities Loan Facility or TALF, which was created this past autumn to encourage banks to start lending again. To further help the dealers, the Fed eased the eligibility requirements so that inventory financing (and there's plenty of inventory...
...store before people started screaming at me about the TARP." McCaskill, on her way to a Senate Democrats' luncheon with Obama, was dubious that she could be convinced to vote against the resolution. "If we can't get transparency for taxpayers on this, it's going to be difficult to get my vote," said McCaskill, one of Obama's top supporters in the Senate. (See the winners and losers of the Wall Street mess...
...music. Reviews had already parsed the similarities between Hare's characters and real-life Blairites, while newspapers had printed accusations from Levy's rabbi - who hadn't seen the play - that the character of Fallon was anti-Semitic. Infuriated, Hare had refused pre-opening interviews. "It's incredibly difficult to create a work of art and have anybody talk about the work itself," he says over tea at a London hotel, a month into the play...
Being born premature is fraught with complications: in addition to their underdeveloped lungs and digestive systems, which make breathing and blood-sugar regulation difficult, many preemies also suffer long-term consequences in brain development. But researchers report that there may be a way to make up for some of that cognitive deficit: taking an over-the-counter supplement...
...Plan to Stimulate Urban Prosperity," developed by Obama's campaign, does address crime and poverty. But the majority of its points are focused on building sustainable communities, encouraging green urban policies and supporting "innovation clusters" like North Carolina's Research Triangle. Some of the proposals may be difficult or impossible to translate into federal policy. "They're trying to reproduce what are essentially private initiatives on a national scale," says Glaeser. "Doing that from the top down is very problematic...